Iowa Statutes
§ 504.636 — Discontinuance or settlement
Iowa § 504.636
This text of Iowa § 504.636 (Discontinuance or settlement) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 504.636 (2026).
Text
A derivative proceeding shall not be discontinued or settled without the court’s approval.
If the court determines that a proposed discontinuance or settlement will substantially affect
the interests of a corporation’s member or class of members or director, the court shall direct
that notice be given to the members or director affected.
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Nearby Sections
15
§ 504.1001
Authority to amend§ 504.1002
Amendment by directors§ 504.1003
Amendment by directors and members§ 504.1004
Class voting by members on amendments§ 504.1005
Articles of amendment§ 504.1006
Restated articles of incorporation§ 504.1008
Effect of amendment and restatement§ 504.101
Short title§ 504.1021
Amendment by directors§ 504.1022
Amendment by directors and members§ 504.1023
Class voting by members on amendments§ 504.1031
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Bluebook (online)
Iowa § 504.636, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/504.636.